FAIR MARKET FOR RENEWABLES
As a basic necessity, electricity is one of the most heavily regulated industries. Regulations and policies governing electricity markets exist to ensure reliable power and harness the power of competition to produce the lowest costs.
As renewable energy becomes more prevalent thanks to technological advances lowering the cost, consumer demand and climate policies, the rules will need to evolve. RENEW Northeast is dedicated to ensuring that existing rules are applied fairly to renewable resources while advocating for changes that facilitate their full integration into our power system.
On December 3rd, the NEPOOL Participants Committee will be discussing and voting on alternatives to ISO New England proposals to ensure it adheres to its own Tariff and FERC directives that require it to accurately determine the lowest competitive price that generators, including renewable ones, can offer into the capacity market. By setting a price floor that truly reflects the actual cost declines of renewable energy, particularly offshore wind, renewable power will be built to meet our environmental, economic development and reliability needs at a lower cost to consumers. The NEPOOL Markets Committee has already voted favorably to make these changes to the price floor for renewables. Learn more about how you can use your voice to ensure passage of these pro-renewable amendments.
In Big Win for New England Ratepayers, NEPOOL Takes Major Step to Recognize Low Cost of Renewable Generation
Proposal valuing renewables in capacity market auctions now moves to Federal Energy Regulatory Commission
RENEW Northeast, Inc. (RENEW), a leading regional renewable energy organization governed by both environmental and industry interests, today praised the NEPOOL Participants Committee on its approval of a proposal containing four RENEW provisions that will allow renewable power projects to compete fairly in the electricity markets managed by ISO New England (ISO). NEPOOL’s Market Committee had earlier adopted the proposal at its November meeting.
Massachusetts Businesses Urge Governor Baker to Support Lower Costs for Consumers in ISO New England Market
A coalition of the leading Massachusetts business associations submits the attached letter to Governor Baker to ask respectfully for his support for the full participation of renewable energy in all ISO New England electricity markets. ISO’s proposed exclusion of most renewable resources from its capacity market hurts both ratepayers and the environment. It keeps prices artificially high for consumers while perpetuating financial advantages to conventional generators.